Elon Musk calls Micron’s memory pricing ‘reasonable’ as AI shortage bites

Elon Musk has opinions about a lot of things. On October 13, 2026, one of them was the price of computer memory. In a post on X, Musk described Micron Technology’s pricing approach as ‘reasonable’. He also took a swipe at unnamed competitors, labeling their practices ‘extortionate.’ Memory chips are in short supply, and AI data centers are consuming them faster than factories can produce them. What Musk said, and why he said it Musk’s comments followed an upbeat JPMorgan report that highlighted Micron’s large contract backlog. His core argument was about relationships. Treating customers fairly during a crunch, he suggested, is how a supplier earns loyalty that outlasts the crunch. Musk isn’t a neutral observer here. His xAI facilities, Colossus and Colossus 2, together carry approximately 1 GW of computing power. Those clusters run on NVIDIA GPUs that depend on Micron memory, so Musk is effectively praising one of his own key suppliers. The numbers behind Micron’s backlog Micron is a major producer of DRAM and high-bandwidth memory, or HBM. DRAM is the short-term working memory inside computers. HBM is a stacked, faster version built to sit right next to AI processors and feed the...